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Heineken’s Nigerian Unit Temporarily shutdown two factories due to currency depreciation, cost increases

Heineken NV's Nigerian subsidiary, Nigerian Breweries Plc, has announced the temporary closure of two of its factories in the West African country. The decision comes...
Business

Abia government to demolish ashanties for urban renewal project

The Abia State government has issued a directive for the residents of slums located behind the old bicycle repair workshop near Okigwe Park in...
Business

Port Harcourt refinery becomes a mirage as deadline to begin operation expires

Despite previous assurances from authorities, the Port Harcourt Refining Company Limited (PHRC) has not yet begun operations. The refinery, which has been inactive for...
Business

Dangote petroleum refinery slashes diesel prices to N1,000 per litre

Dangote Petroleum Refinery has once more reduced diesel prices, now down to N1,000 per litre from N1,200, as part of its strategy to counteract...
Business

Landmark Group Founder pleads with Lagos govt: ‘Don’t destroy my business, I’m losing $100m’

In a high-stakes battle, Nigerian billionaire businessman Paul Onwuanibe, CEO of the Landmark Group, faces the grim prospect of losing his colossal $100 million...
Business

Innoson vehicles to supply special brand vehicles to Abia State Assembly, establish service plant in Aba

Emmanuel Emeruwa, the Speaker of the Abia State House of Assembly, has announced that Innoson Vehicle Manufacturing Company will supply custom official vehicles to...
Business

Dollar not selling at N1,000 beware of fake news – Bureau De Change tells Nigerians

Amidst circulating reports on social media platform X (formerly Twitter), Bureau De Change operators have refuted claims suggesting that the dollar is now trading...
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